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In the first quarter of 2024, Israeli start-up companies raised an amount of approximately $1.6 billion, within 105 fundraising rounds, according to new data from the high-tech report "Tech Review" compiled by Leumitech, the high-tech banking arm of Bank Leumi, and the research company IVC. The total amount of the recruitment is an increase of about 10% compared to the previous quarter. However, compared to the corresponding quarter last year, the total amount raised in the first quarter of this year is approximately 10% lower than that of 2023. \

In light of the deterioration of the security situation in the south of the country, the Manufacturers Association of Israel has opened a special emergency room in the settlement of Omer, which will provide 24 hours a day to the southern industrialists in order to help them pass the period of combat and to function optimally according to the Home Front Command's security instructions. 250 factories employing some 60,000 workers, within a radius of about 40 kilometers from Gaza. The war room will provide a continuous response to all the needs and problems of the factories following the...

The demand for vacations abroad in the summer months is expected to decrease by about 30% due to the war, the reduction in the supply of flights, and security and economic concerns. But there is one destination that still succeeds - even in the current period - in attracting more and more passengers: Greece

Another huge acquisition for Intel in Israel: The company signed a deal with Moovit on Monday. The public transport travel app, with 775 million users worldwide, operates in 45 languages, in 3100 cities located in 102 countries. The value of the transaction is estimated at $ 1 billion. In its early years, Moovit focused on free end-user service, but in recent years its business model has expanded. As part of the new model, Mobit offers its various cities and authorities technology as an infrastructure through which they can map and improve their public transport systems.

In a move that has raised eyebrows and sparked controversy, the Ministry of Finance has submitted a request to the finance committee for substantial budget transfers, totaling hundreds of millions of shekels. The funds are primarily intended to bolster ultra-Orthodox education and yeshivas, along with other religious initiatives

10 days after US Secretary of State Mike Pompeo warned of winning Chinese Hutchison Group tender for establishment of Sorek 2 Desalination - Joint Committee of Energy and Water Ministry Announces Joint Group of Desalination Company IDE and Bank Leumi in Tender The facility, which is being built near zero from sensitive security facilities, has an output of 200 million cubic meters per year, will be the largest of its kind in the world and increase Israel's desalination capacity by 35%

The Bezos Earth Foundation, spearheaded by Amazon founder Jeff Bezos, has decided to withhold its planned $30 million investment in establishing a center of excellence for foodtech in Israel. The decision, attributed to the ongoing war in the region, comes as a blow to Israeli universities Technion and Hebrew University, which had submitted proposals and received praise for their innovative approaches. Uncertainty Halts Funding In a recent communication to research teams, the Bezos Earth Foundation cited "uncertainty surrounding the war" as the reason for not proceeding with the...

The World Bank's annual Doing Business report shows that Israel has jumped 14 places and ranks 35th out of 190 countries. Last year, Israel was ranked 49th and within two years nineteen places rose. In 2018, the Accountant General under his responsibility received the concentration of handling of the Doing Business Index. This is a global indicator of the ease of doing business in different countries, vis-à-vis the World Bank and government offices. This is a direct follow-up to the recommendations of the Inter-ministerial Committee for the Improvement of the Business Environment appointed...

An American official and a former Israeli official, briefed on recent developments, revealed that the Biden administration has conveyed a stern warning to Iran: any further attacks on Israel will lead to a more robust Israeli response, which the U.S. may not be able to restrain

The Lod District Court sentenced former Kfar Saba mayor Yehuda Ben-Hamo to 24 months in prison, who was convicted last October of theft by a public official, receiving anything fraudulently under aggravated circumstances, and fraud and breach of trust. The days of his son-in-law's detention will be deducted from the prison sentence, which he will begin serving on June 19. He was also fined NIS 200,000. The court emphasized in its decision that "this is not a one-time stumble - the goal was to make money. Ben Hamo's part in a major case is the perpetrator of the offenses." The sentence was...